Gold rally seems to have ended for now – Commerzbank
The Gold price rose by 13% in the past quarter, the strongest increase in eight and a half years. Since Friday, the Gold price has been on the retreat, Commerzbanks commodity analyst Carsten Fritsch notes. Gold consolidation phase is now im...
India Gold price today: Gold falls, according to FXStreet da
Gold prices fell in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 7,148.65 Indian Rupees (INR) per gram, down compared with the INR 7,161.77 it cost on Friday. The price for Gold decreased to INR 83,37...
Gold price hits a three-day low, retreating post US PCE data
XAU/USD drops to $2,646 after September inflation data suggests progress toward the Feds 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel stri...
Gold reaches new record high, silver at 12-year high – ING
On Thursday, the Gold price rose to a new record high of $2,685 per troy ounce. The data on speculative market positioning showed that speculative net long positions in Gold rose to their highest level since February 2020 in the last report...
Gold price steadies above $2,650 as Fed rate cut odds rise
Gold price steadied at $2,660 after hitting a record high of $2,670. Traders assign a 60% chance for another 50 bps of Fed rate cuts in November. US Treasury yields and a stronger US Dollar limited Golds upside despite bullish momentum. Gol...
Gold hits new high after fall in consumer confidence
Gold rallies to a new record high after US Consumer Confidence data falls well below expectations. The data reinforces bets the Federal Reserve will have to take more drastic easing measures a positive for Gold. XAU/USD is overbought but ra...